A huge commercial campus has been built in the capital and the foundation stone for the new airport has already been laid. The government still has a lot to prove, but foreign investors are optimistic.
The DRC economy has performed 40 basis points better this year. Bloomfield credit rating agency still gave Congo a rating of 5.1 in 2022, but 12 months later it was 5.5.
The DRC continues to face serious challenges, including outdated infrastructure, arbitrary taxation, and political instability in the eastern part of the country. Uncertainty deters some investors. In recent years, the government has therefore introduced a number of reforms. First and foremost, he focused on macroeconomic performance and reducing the public budget deficit, as well as on creating a stable financial system. These three factors help solidify the country’s credibility, especially in the eyes of private investors.
Compared to the fact that the country has more than 80 million hectares of arable land due to the favorable climate, agriculture is still very backward. Production is low. This is why 80 percent of consumer goods must be imported. Agricultural policy needs serious reforms.
The director of the Congolese Development Agency, Safia Ibrahim Nter, said: 40 million euros have been allocated to build rural roads and develop Kinshasa province so that farmers and cooperatives can transport their crops.
The government does not only deal with corporations but also with citizens. In addition to economic development, there are funds for social assistance and job creation. Congo has huge mineral reserves. The time has come for him to produce this himself, bringing significant income to the state treasury. Naturally, large investments also require bank loans. For this purpose, the administration of Kinshasa must operate in a transparent and predictable manner.
